What is the Phosphorus Index (PI)? The Phosphorus Index is a tool used to assess the potential for phosphorus (P) to move from agricultural fields to surface water. It uses an integrated approach that considers soil and landscape features as well as soil conservation and P management practices in individual fields.
At the end of July 1997, Sears stock price peaked at a closing price of $63.13. In 2004, Kmart Holding Corporation announced its intention to acquire Sears. The merger on March 24th, 2005, was worth $11 billion and put Kmart Holding Corporation, Kmart and Sears under the new âSears Holdings Corporationâ.
In a testament to Chairman and CEO Eddie Lampert's financial prowess, he structured the deal to allow Sears to also retain rights to manufacture and sell Craftsman tools in its stores, too, for a period of 15 years, plus receive annual payments of 2.5% to 3.5% on any sales Stanley makes for a period of three years.